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INTU

Intuit Inc (NASDAQ:INTU) reported in-line revenues and an earnings beat for Q4. Analysts from Stifel, Mizuho Securities, Oppenheimer, Piper Sandler, and William Blair are bullish on Intuit's AI strategy and have raised their price targets. The company's performance was highlighted by strong results in the Small Business segment and expectations of a return to a normalized tax season. Shares of Intuit rose by 0.87% to $663.64.

Portfolio Pulse from Priya Nigam

February 23, 2024 | 5:11 pm

AMD

ARM

NVDA

SMCI

AMD's stock fell over 3% following a rally due to NVIDIA's earnings report. Super Micro Computer's stock dropped over 10% after announcing a convertible notes offering. The AI boom's impact on chip companies like NVIDIA and AMD is highlighted, with AMD's Q1 earnings report anticipated on April 30, 2024. Traders may be taking profits from AMD's recent gains, and the chip sector showed mixed performance.

Portfolio Pulse from Aaron Bry

February 23, 2024 | 5:10 pm

AU

AngloGold Ashanti plc (NYSE:AU) shares surged after reporting FY23 gold income of $4.48 billion, up from $4.39 billion the previous year, despite a 3% decline in gold production. The company also announced a significant new gold discovery in Nevada, contributing to a positive outlook for FY24 and FY25 with expected increases in gold production and capital expenditure. However, gross profit and adjusted net debt declined and increased, respectively.

Portfolio Pulse from Lekha Gupta

February 23, 2024 | 5:09 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) is selling its 20% stake in Suning.com to Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million), marking a significant loss from its $4.6 billion investment in 2015. This sale is part of Alibaba's major restructuring and shift towards focusing on its overseas business and live commerce, despite the stake's valuation falling by approximately 90%. Alibaba's international e-commerce business unit saw a 44% revenue growth to $4 billion in the December quarter.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 5:08 pm

LEGN

Legend Biotech's shares are trading higher following the announcement of a positive CHMP opinion for CARVYKTI, aimed at treating patients with relapsed and lenalidomide refractory multiple myeloma in earlier lines of therapy.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:05 pm

NWN

Northwest Natural Holding's shares dropped following disappointing Q4 financial results and FY24 EPS guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:04 pm

FATE

Fate Therapeutics (NASDAQ:FATE) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $-0.52. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing a subsequent drop in share price. Shares are currently trading at $6.88, reflecting a 15.97% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth, as it can significantly impact stock price.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:02 pm

FDP

Fresh Del Monte Produce (NYSE:FDP) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $0.30. The company's past earnings performance shows mixed results, with a notable miss last quarter but a subsequent share price increase. Over the last year, FDP shares have declined by 22.58%. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:01 pm

HLX

Helix Energy Solutions Group (NYSE:HLX) is scheduled to release its quarterly earnings report on February 26, 2024. Analysts predict an EPS of $0.10. The company's past earnings performance shows mixed results with both misses and beats, affecting stock prices variably. Shares are currently trading at $10.19, having increased by 21.27% over the last year. Investors are looking forward to not just the earnings results but also the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:01 pm

IRBT

iRobot (NASDAQ:IRBT) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $-2.11. Analysts and investors are particularly focused on the company's guidance for future growth. iRobot's stock performance has been negative over the past year, with a 71.47% decline. The company's past earnings have shown a trend of not meeting EPS estimates, which has previously led to drops in share price.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:01 pm